ChainLink is something I'm still bearish on at this point. I think it has been overbought the past few weeks, as with correlations from mid February to the March and April price points. I think the resistance will outweigh many of the support levels and that will trigger negative price correlations. The technological proposition of ChainLink also isn't unique enough and as one can see, the volume is high given the circulating supply is high. Overall I'm still bearish. That being said, please do your own due diligence. Invest at your own risk and proceed with caution.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.